NYT: In Searching the Web, Google Finds Riches
Yet more fawning praise for everyone’s favorite Internet company. A “googol,” from whence the search engine derives its name, is a really big number — specifically a 1 followed by 100 zeros. Well, Google isn’t worth quite that much yet, but it’s getting there:
Google, a private company, does not disclose revenue or profit. But it says it has been profitable for nine consecutive quarters. Moreover, its executives have privately told the board that revenue will soar from less than $300 million in 2002 to $750 million or more this year, with gross profit margins of 30 percent, according to a Google executive and several people who have knowledge of the company’s financial situation.
No tremendous surprises in this piece, but for all us Google lovers, yet another interesting profile. [MarketingFix]
Can you imagine what this IPO would have looked like three years ago? In any event, Google is proof that a solid business model, laser-like focus, rapid innovation and really smart people all add up to tremendous success.
$750 million in revenues. Profits. Who knew?
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